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Jul 10, 2011 7:00am EDT
of the economy. does that mean we're going to have to push the big changes to deal with the debt and the debt are going to have to go down the road a bit and to the long-term maybe more than ten years? >> well, chris, i don't know about more than ten years. certainly as you know in simpson/bowles, senator simpson and former chief of staff erskine bowles, in their report they posited that we needed to and they proposed making substantial cuts, raising revenues and dealing across the board with all items of expenditure. they said in the near term, meaning the next year or so we need to be very careful that we did not have the opposite effect by dampening down the struggling economy obviously as we saw today which will decrease revenues and make the problem so in the short term i agree with the bowles/simpson suggestion that we be very careful in the short-term. there is no doubt, however, that in the white house yesterday or thursday there was -- that was yesterday, there was a clear agreement that this was a serious, serious challenge that confronted us. and it demanded that all of us try to c
Search Results 0 to 0 of about 1